Excited about it, despite cord-cutting trends which Disney has survived. Their takeover of 20th Century Fox positions them very well to better broadcast their content (has a huge library now) to, say, India and Europe. Fantastic CEO. He's a long-term holder of Disney, despite the slump of recent years.

(Past Top Pick, June 14, 2017, Down 17%) He made a mistake with this one. They bought California utility assets five years ago, which was a mistake. Now, they bought WGL in the U.S. Management has really blown it. It's deeply disappointing. Bad on him for sticking with a loser. He sold it. Spinning out the company is just ridiculous; it's a sign of desperation. The CEO-founder continues to flounder.

Well-run. All banks are sensitive to interest rates. BAC has a big investment banking operation. Its CEO has done well to maintain cost discipline. Boasts decent international exposure. All US banks have been stuck for the past year. As long as the US market holds, BAC will do well. He expects more investment to flow into the US banks.

Safe 6.6% yield. They have lots of free cash flow. They'll likely raise that dividend. The company is doing great. Their European operations are doing very well and, because they're in Europe, are avoiding the differentials that Canadian energy companies suffer. Europe accounts for a big portion of their revenues. Merill-Lynch just upgraded VET.

He reduced his exposure to FB because it was getting too large in his portfolio and because of regulatory risks and costs. It's now down to a reasonable valuation. You can buy it here. There remains headline risk. But FB is doing the right thing to improve security, and this will get politicians off their back; it'll cost them money to do this. They're still growing rapidly, particularly in Instagram and Messenger. Well-run. The stock will be in the doghouse, but give them credit for using AI to weed out bad actors on their platform. Look long-term.

They were working on some drug trials which didn't work as expected. Acqusitions didnt work out either The balance sheet is weaker than before. Some of their drugs will soon lose their patent.

This was historically a printing company that bought up other companies and cut costs by consolidating the business. That game is over now because the newspaper industry has shrunk. They then entered the packaging industries, which was exciting because this put a company with cost-cutting expertise into an industry that still has growth opportunities. They did well for a couple of quarters and then got hit with bad results that have shaken confidence. He thinks it is normal for a few tough quarters after a large acquisition. The price has dropped quite a bit, and it might be a buying opportunity, but he suggests waiting a bit longer to see how well the business is progressing. It would be better to pay another buck or two if the company is doing well than buying now and watching it drop $4 or $5 more if the transition is troubled. He thinks the company is well run and will eventually turn around and be a good investment, but the stock might have to drop farther before that happens. He is looking at this stock to enter, himself. He wants to buy it, but not yet.